Usman Salis
Earnings season just got more interactive. According to John-Michael Murphy, @PPLXfinance recently rolled out live audio streaming for earnings calls—a feature many investors have been waiting for. The launch happened to coincide with Delta Air Lines' (NYSE: DAL) Q3 2025 results, letting people tune in as executives walked through the numbers.
Delta Q3 2025: Record Revenue, Mixed Signals
Delta posted record third-quarter revenue of $15.2 billion, up 4.1% from last year. That sounds impressive, but it actually came in below what Wall Street was expecting—missing by about 4.79%. On the flip side, earnings per share hit $1.71, beating forecasts by 12.5%.
The company also reported an 11.2% operating margin and generated $830 million in free cash flow during the quarter, pushing year-to-date FCF to $2.8 billion. Premium seating and loyalty programs both grew 9% year-over-year, showing that travelers are still willing to pay up for better experiences. It's a reminder that strong demand doesn't always translate into meeting sky-high expectations.
Why Live Audio Streaming Matters
Being able to listen to earnings calls as they happen changes the game for investors. Instead of waiting around for transcripts or analyst summaries, you can hear management's tone during Q&A, pick up on strategic shifts in real time, and react faster to what's being said. By introducing this feature during Delta's call, @PPLXfinance
is making corporate insights more accessible to a wider audience—not just institutional players with Bloomberg terminals.
Delta's solid revenue performance reflects how resilient travel demand has been in 2025. Premium cabins and loyalty programs are clearly paying off. But the revenue miss also highlights how unforgiving markets can be, especially in an industry dealing with high fuel costs and macroeconomic uncertainty. Even when you hit record numbers, the bar keeps moving.
Conclusion
Delta Air Lines delivered record revenue in Q3 2025 but still missed on the top line, even as EPS and cash flow came in strong. For investors, though, the real shift might be in how we consume this information. With live audio streaming now in play, earnings calls aren't stuck behind paywalls or delayed summaries anymore. You can experience them as they unfold. That's a meaningful step toward making financial reporting more dynamic and democratic.
Usman Salis
